How we can help you build for your Smart Contract

What are smart contracts on Ethereum?

A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain. Smart contracts are a type of Ethereum account. This means they have a balance and they can send transactions over the network. However they're not controlled by a user, instead they are deployed to the network and run as programmed.

User accounts can then interact with a smart contract by submitting transactions that execute a function defined on the smart contract. Smart contracts can define rules, like a regular contract, and automatically enforce them via the code. Smart contracts can not be deleted by default, and interactions with them are irreversible.

Solidity, the smart contract programing language.

Solidity is a statically-typed curly-braces programming language designed for developing smart contracts that run on the Ethereum Virtual Machine. Smart contracts are programs that are executed inside a peer-to-peer network where nobody has special authority over the execution, and thus they allow to implement tokens of value, ownership, voting, and other kinds of logic.

Benefits of Smart Contracts.

Since Blockchain is the underlying technology of smart contract development, smart contracts exhibit all the features that Blockchain possesses.

• Transparency & Trust
• Security
• Decentralization
• Speed & Efficiency